Independence factors influencing audit expectation gap in listed deposit money Banks in Nigeria

Bebeji, Aminu; Okpanachi, Joshua; Nyor, Terzungwe; Ahmed, Mohammed Nma

doi:10.5897/jat2019.0380

Cited by 3 publications

(5 citation statements)

References 25 publications

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“…The writings of accountants and external auditors frequently report the occurrence of the Audit Anticipation Gap in both developed and emerging economies (e.g. Aminu, 2022, Lazarus et, al., 2022, Yuqi He 2021, Begona, 2021, Nurul, 2021, Stephany et al, 2021, Taslima,2020El Nashar, et, al, 2020;Paul et, al 2020;Goddard, 2020;Safiyanu Sule,2019;Nadhim, 2018;Mohamed et, al., 2017; J.S. Kumari, 2017;Najeb, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

“…In spite of endeavors made to narrow the Audit Anticipation Gap through improving the principles of auditing, implementing an effective corporate governance framework, in addition to providing adequate and comprehensive audit education to various users of audit reports and the society at large, still the gap exists and is widening and requires further research studies (Aminu, 2022,Lena, 2021, M. C. Okafor, 2020, Goddard, 2020, Fedaa, 2017, Hasen, 2017. More studies are needed to explore stakeholders" perceptions about the causes and consequent effects of such a gap in developing economies, like Sudan.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Previous studies have examined the effect of auditor responsibility on audit anticipation gap in a general way, without identifying the various anticipations of users towards external auditors, which may place them in a multi-responsibility situation (e.g. Aminu, 2022, Stephany, 2021, Hassan, 2017.…”

Section: Roles and Responsibilities Of Practicing External Auditorsmentioning

confidence: 99%

“…Consequently, more comprehensive discussions on the issue were found in 1990s. In this context, the term Audit Anticipation Gap has substantial adverse effects on the accounting profession, as it can jeopardize the standing of a legitimate audit in the public eye (Aminu, 2022). Furthermore, it has been well documented in the literature that the occurrence of this gap can possibly damage public trust towards the work of professional accountants, and the integrity of the financial reporting process in any given nation (Taslima, 2020).…”

Section: Introductionmentioning

confidence: 99%

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A Blueprint for Minimizing Audit Anticipation Gap in a Developing Country: Stakeholders Perceptions

Ghandour¹

2023

IJBA

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Purpose: This paper provides a blueprint for minimizing Audit Anticipation Gap (AAG) in a developing country. The focus was on exploring the occurrence, causes, and consequent effects of the Audit Anticipation Gap in Sudan, by identifying the possible factors that contribute to that gap. This was achieved by surveying the opinions of practicing external auditors, key users of financial statements, and accounting educators.Research Design/Methodology/Approach: A qualitative research approach was adopted through a cross-sectional survey, using in-depth face-to-face structured personal interviews. Furthermore, purposive/judgmental sampling was utilized to select interviewees. Twenty-nine interviews were carried out, and their responses were analyzed using thematic content analysis.Major Findings: The findings did indicate that an Audit Anticipation Gap exists in Sudan due to a weak and undeveloped accounting and auditing profession in the country, ambiguity concerning auditor’s independence, lack of external auditor rotation in the majority of the financial sectors, rendering both audit and non-audit services, absence of rules and regulations that govern external audit practices. Furthermore, major contributing factors included misunderstanding the objectives of auditing, the audit process, and the auditor’s roles and responsibilities by key users of financial statements.Practical Implications: The study provided a wide range of findings that have significant implications for policy making geared toward minimizing the Audit Anticipation Gap in the country, so that accounting will play its proper role in its sustainable economic development.Originality/Value: This study contributes to the existing literature by providing detailed and comprehensive findings from a region that has gained little focus on the subject matter. Specifically, it has shed light on the weaknesses of the accounting and auditing profession in Sudan, with a particular emphasis on the Audit Anticipation Gap. Thus, by surveying the viewpoints of the key stakeholders, the study provided prescriptions for turning around the accounting profession in the country to a potential world-class status.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Roles and Responsibilities Of Practicing External Auditorsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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A Blueprint for Minimizing Audit Anticipation Gap in a Developing Country: Stakeholders Perceptions

Ghandour¹

2023

IJBA

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“…Meanwhile, The Mann-Whitney U test was discovered to be an extensively used technique in many studies, accounting for 60% of private sector studies and 47% of public sector studies, respectively. When it comes to the parametric tests, Table 3 clearly shows that public sector studies have mainly employed independent sample t-test while the private sector has applied a broader range of statistical tools such as independent Sample t-test (Hassink et al, 2009;Lin & Chen, 2004;Sidani ,2007), Multiple linear regression and Correlation analysis (Aminu et al, 2022;Kamau, 2013;Okafor & Otalor, 2013) and Partial Least-Squares Structural Equation Model (PLS-SEM) (García-Hernández et al, 2021;Xu & Akther, 2019) in addition to the independent sample t-test.…”

Section: Research Approaches and Statistical Techniques Applied In Ae...mentioning

confidence: 99%

Audit Expectation Gap: A Comparative Literature Analysis of Private Sector and Public Sector

Deepal¹,

Jayamaha²

2023

Wayamba J Mgt

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The Audit Expectation Gap (AEG) issues are steadily expanding around the globe, irrespective of the particular sector involved. A comparative analysis will be more crucial for the AEG literature since the significance of the expectation concerns stems from the concepts of "stewardship and public accountability", which are applicable to audits in both private and public sectors. Thus, the purpose of this study is to analyze the similarities and distinctions between the AEG studies conducted pertaining to the private and public sectors. This research is directed by theoretical considerations and arrives at conclusions based on the extant literature. An exhaustive search of the published literature was conducted by applying the search terms “expectation gap” and “audit expectation gap” combined with “public sector”, “government sector” and “performance audit” in the Google Scholar search engine and three databases of Scopus, Jstor, and Emerald were performed separately and independently for each sector from 1970 to 2022. Thus, only the articles published in reputable journals concerning the AEG were selected after applying some selection criteria. It was found that the research contexts, selected target populations, and the dimensions applied to assess AEG were selected after applying some selection criteria. It was found that the research context, selected target populations, and the dimensions applied to assess AEG were found to be significantly different, despite the fact that the definitions and statistical techniques used were found to be comparable in both sectors. This comparison study opens up a wealth of doors for conducting further research in the future.

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Audit Expectations Gap: Testing the Empirical Evidence from Jordan using Two Levels of Stakeholders

Ahmad

Shrydeh

Mohammad

et al. 2023

Wseas Transactions on Business and Economics

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The main objective of this study is to empirically test the existence of an audit expectations gap in the case of Jordan. The study aims to identify whether the audit expectations gap exists between auditors and investors, and between auditors and financial managers, or not. The research data were collected from 62 respondents using a structured questionnaire before being analyzed using SPSS-26. The study findings revealed that a significant audit expectations gap does exist between auditors and investors, and between auditors and financial managers. The results also show that the gap between auditors and financial managers is relatively small compared to the gap between auditors and investors. The study explores the reasons behind the audit expectations gap and suggests possible solutions to overcoming it.

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Independence factors influencing audit expectation gap in listed deposit money Banks in Nigeria

Cited by 3 publications

References 25 publications

A Blueprint for Minimizing Audit Anticipation Gap in a Developing Country: Stakeholders Perceptions

A Blueprint for Minimizing Audit Anticipation Gap in a Developing Country: Stakeholders Perceptions

Audit Expectation Gap: A Comparative Literature Analysis of Private Sector and Public Sector

Audit Expectations Gap: Testing the Empirical Evidence from Jordan using Two Levels of Stakeholders

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